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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Fixed maturities    
Available-for-sale, at fair value (amortized cost $1,697,219 in 2021 and $1,720,291 in 2020; allowance for credit losses $170 in 2021 and $5 in 2020) $ 1,781,865 $ 1,825,438
Equity securities at fair value (cost $67,295 in 2021 and $49,085 in 2020) 196,880 206,685
Mortgage loans 47,449 47,690
Less: allowance for mortgage loan losses 76 76
Mortgage loans, net 47,373 47,614
Other long-term investments 80,326 69,305
Short-term investments available-for-sale, at fair value (amortized cost $800 in 2021 and $175 in 2020) 801 175
Total investments 2,107,245 2,149,217
Cash and cash equivalents 118,519 87,948
Accrued investment income 13,826 14,615
Premiums receivable (net of allowance for doubtful accounts of $779 in 2021 and $687 in 2020) 334,267 317,292
Deferred policy acquisition costs 96,286 87,094
Property and equipment (primarily land and buildings, at cost, less accumulated depreciation of $57,967 in 2021 and $55,141 in 2020) 134,650 129,874
Reinsurance receivables and recoverables (net of allowance for credit losses of $126 in 2021 and $190 in 2020) 124,785 160,540
Prepaid reinsurance premiums 12,351 12,965
Intangible assets 6,388 6,743
Income taxes receivable 62,268 66,194
Other assets 47,568 37,196
TOTAL ASSETS 3,058,153 3,069,678
Liabilities    
Losses and loss settlement expenses 1,568,453 1,578,131
Unearned premiums 474,171 464,845
Accrued expenses and other liabilities 101,542 126,624
Long term debt 50,000 50,000
Deferred tax liability 24,512 24,929
TOTAL LIABILITIES 2,218,678 2,244,529
Stockholders’ Equity    
Common stock, $0.001 par value; authorized 75,000,000 shares; 25,117,340 and 25,055,479 shares issued and outstanding in 2021 and 2020, respectively 25 25
Additional paid-in capital 203,055 202,359
Retained earnings 580,767 555,854
Accumulated other comprehensive income, net of tax 55,628 66,911
TOTAL STOCKHOLDERS’ EQUITY 839,475 825,149
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 3,058,153 $ 3,069,678